Company confirms media article targeting up to 50% revenue growth over two years

The company has confirmed a Reuters news article published on 12th October, 2026.

Mon 12 Oct 2026

Revenue growth guidance

revenue is expected to rise as much as 50% over the next two financial years

Revenue expectation

about 120 billion rupees this financial year and between 140 billion rupees and 150 billion rupees the year after

FY2026 revenue

revenue of 99.59 billion rupees for the year ended March 2026, a rise of 14.5%

The company has confirmed a Reuters news article published on 12th October, 2026, in which Chairman R G Chandramogan sets out revenue expectations and expansion plans.

Revenue outlook

• The company expects revenue to rise as much as 50% over the next two financial years.
• Revenue is expected to reach about 120 billion rupees this financial year, and between 140 billion rupees and 150 billion rupees in the following year.
• Revenue stood at 99.59 billion rupees in the year ended March 2026, a rise of 14.5%.

What is driving the forecast

• A wider milk procurement network and expansion beyond the company's southern India base.
• Milk is already being sold in Mumbai and Pune, and procurement is being ramped up in Odisha.
• The company is expanding existing facilities rather than building new plants.
• It is targeting daily milk procurement of 5 million litres next year.

Costs and competition

• The Chairman said milk prices have increased due to higher milk-fat and animal-feed costs.
• He expects milk supply to exceed demand.
• The article notes the growth forecast comes even as higher milk procurement costs squeeze industry margins, and intense competition curbs producers' pricing power.

Investment plans

• The company plans to invest 10 billion rupees this fiscal year.
• The spending is directed towards expanding milk procurement, with the remainder split between manufacturing capacity and marketing and distribution.

How to read this update

• This is a confirmation of a media article shared with the stock exchanges, not audited financial results and not a board-approved guidance document.
• The growth figures are the Chairman's comments to a news agency, that is, management's own expectations.
• Retail investors may perceive the update as a management view on demand and expansion; the same article points to margin pressure from milk costs and competition, which could affect how revenue growth translates into profit.

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